Except there was no cash (very little) involved to get the assets. They only offered restricted shares of their Shell company. So I am not sure what that did for the "Friends" unloading their assets onto EXLA if they needed cash?? Lotitto hasn't even use his 300 million restricted shares yet! I can't wait to see the next filing.
The whole thing is very strange. I wonder if they were/are expecting a much higher share price to unload all those restricted shares. Nothing else makes since.
I would be much more encouraged if EXLA did pony up some real cash to get those assets (or anything for that matter), but so far they have not put much of anything into this except the Administrative costs to make it go live.
Maybe Idaho (if still coming), blows this out of the water. sigh
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